CPMEX » 14kt Gold Price Per Gram Value
14kt Gold Price Per Pennyweight – Value of 14kt Gold per Pennyweight
The value of 14 karat gold derives from the content of fine gold in a gold compound, the Millesimal fineness. The Millesimal fineness is a system of marking the purity of gold, platinum, and silver alloys by parts per thousand of pure metal by mass in the respective metal alloy. Fourteen-karat gold, for example, contains 58.5% pure gold and is therefore marked as “585” or “14K” gold. The decimal marking “585” is predominantly used in European countries, whereas the karat system in the United States denotes the purity of gold by fractions of 24. Therefore, 14K stands for 14 parts per 24 parts of pure gold by mass, which makes the pure gold content in a piece of 14K gold 58.3%.
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